The Securities and Exchange Board of India (SEBI) has introduced new, stricter listing regulations for small and medium enterprises (SMEs) to improve transparency and corporate governance in the sector. Background to the Proposal This move comes after SEBI identified several irregularities, including the alleged diversion of IPO funds, circular transactions with related parties to inflate …
At noon, the Indian benchmark indices Sensex was down 0.66% at 77,064.47, and the Nifty 50 was down 0.78% at 23,335.15. The following are a few stocks that are in focus during afternoon trade. Hyundai Motor India Hyundai Motor India share price traded 0.25% higher at ₹1,833.55 on the NSE, with a price-to-earnings ratio of …
Shares of public sector banks (PSBs) are under significant pressure, with the Nifty PSU Bank index slipping about 4% in Thursday’s intra-day trade. This marks the sharpest fall in over three months for the index. But what triggered this sharp decline? The recent allegations against the Adani Group founder Gautam Adani and other executives for …
The market regulator, the Securities and Exchange Board of India (SEBI) has revised the rules for Alternative Investment Funds (AIF), requiring them to grant investors’ rights in proportion to their investment commitments. The objective behind this amendment is to ensure that both the risks and rewards from AIF schemes are shared equally based on the …
On 22nd November 2024, the Indian benchmark index Sensex was up 1.20% at 77,064.47, and the Nifty 50 was up 1.26% at 23,644.70 at 1:00 PM. Adani Group stocks were in focus during afternoon trade. Adani Group Companies’ Share Price at 1:00 PM On NSE, November 22, 2024 Companies Percentage change Share Price (in ₹) …
On November, 21, the Securities and Exchange Board of India (SEBI) abolished the requirement of a mandatory security deposit which was put in place for public/rights issues so that an issuer resolves investor complaints. SEBI Streamlines Public Issue Norms Previously, companies planning to launch a public issue of equity shares were required to deposit an …
The capital market regulator, the Securities and Exchange Board of India (SEBI) has issued updated directives aimed at enhancing governance and compliance among Market Infrastructure Institutions (MIIs). These changes focus on internal procedures, disciplinary actions, technological integration, and data security measures to ensure the smooth functioning of MIIs. These new directives are set to take …
IPO-bound NTPC Green Energy has entered into a joint venture (JV) with the New and Renewable Energy Development Corp. of Andhra Pradesh to develop a portfolio of renewable energy projects worth ₹2 lakh crore. This initiative, announced by the Government of Andhra Pradesh, aims to contribute significantly to the state’s clean energy goals. Scope and …
Gautam Adani and his nephew Sagar Adani have been called upon by the US Securities and Exchange Commission (SEC) to clarify their involvement in allegations of paying $265 million in bribes to obtain solar power contracts. Adani Summons Details The Adanis received summons at their homes, with a 21-day deadline to respond, as per a …
The Bank Nifty has staged a remarkable rally, surging approximately 2,500 points from its November 21, 2024, low. However, this impressive climb has encountered profit booking, as the index dipped by 84 points (0.16%) on November 26. After reaching prior swing highs and testing the gap area from October 3, 2024, the index now faces …
